March 2013 Issue


    Month: March
    Year: 2013

    Back to Print Editions

    Consultants closely guard key that unlocks the pension pot

    PENSION FUND CONSULTANTS & MULTI MANAGERS

    Blackstone’s second BREDS fund nears $1.5bn closing

    A third of BREDS II’s capital will target non0US, mainly European, assets. Blackstone expects to hold a first closing for a second global debt fund within the next few weeks. The group’s Blackstone Real Estate Debt Strategies (BREDS) arm is believed to have received about $1.5bn in early commitments for a follow-on fund. BREDS 1, […]

    Work-out expert CR answers latest European distress calls

    CR INVESTMENT MANAGEMENT Having built up its business by managing distressed properties in Germany, CR Investment Management has entered other European markets, with Spain its next target, writes Lauren Parr

    Tighter UK loan pricing puts squeeze on new lenders

    Increased competition has pushed margins down 50bps already this year

    Kames launches against tide in indirect advisory waters

    PENSION FUND CONSULTANTS & MULTI MANAGERS

    Multi managers try many new ways to keep clients on board

    PENSION FUND CONSULTANTS & MULTI MANAGERS

    Fund managers both praise and bite the hand that feeds

    PENSION FUND CONSULTANTS & MULTI MANAGERS

    Disquiet surrounds growing power of big pension advisers

    PENSION FUND CONSULTANTS & MULTI MANAGERS

    Morgan Stanley seeks to buy time on Madrid office debt

    Morgan Stanley is asking its lenders for an extension of €105m of matured debt that a MSREF fund borrowed against the IBM headquarters in Madrid. In pushing back the securitised loan’s current standstill period by an initial two years, it hopes to be able to renew the building’s lease with IBM, which is running out. This […]

    Spreads still look attractive to first US investor in AXA European debt arm

    AXA Real Estate has attracted a first US investor to its expanding European real estate debt investing business. Charles Daulon du Laurens, head of investor relations for the business, said: “North American investors, from the US and Canada, are looking at Europe because of the spreads. “Senior commercial real estate loans in the US are […]

    Fairfax picks Kennedy Wilson to spend €250m in Europe

    Canadian group Fairfax Financial has given US property firm Kennedy Wilson a €250m non – discretionary mandate to invest in European debt and direct assets. The companies have a US partnership, where Kennedy Wilson has invested $278m. The new partnership will first target the UK and Ireland and Kennedy Wilson will make a 10% co-investment. […]
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